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Posted on: June 1, 2018

City Awarded Certificate of Achievement For Excellence in Financial Reporting

For the 36th consecutive year, Missouri City has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

Missouri City’s CAFR was judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

“The sound financial management that went into earning this award for the 36th year in a row reflects Missouri City’s capacity to meet financial commitments throughout time,” City Manager Anthony Snipes said. “Residents and stakeholders are welcome to visit www.mctxfinance.comand easily access recent and past financial transparency documents such as City Budgets, Quarterly Investment Reports, Comprehensive Annual Financial Reports (CAFR), check registers and more to further understand why we continue to meet these high financial management standards.”

The Government Finance Officers Association is a major professional association that services the needs of nearly 19,000 appointed and elected local, state and provincial-level government officials and other finance practitioners. It provides top quality publications, training programs, services and products that are designed to enhance the skills and performance of those responsible for government finance policy and management.

“Our citizens hold my staff and me to a high standard when it comes to fiscal stewardship, and we are proud to have their trust and confidence when it comes to managing the City’s budget on a year-to-year basis,” Snipes said. “The fact that we have been able to maintain this standard of excellence for more than three decades reflects our ongoing commitment to strategically manage the taxpayers’ dollars and to continuing a transparent process.”

In 2017, Missouri City residents voted to approve a change in the City’s Fiscal Year to Oct. 1 – Sept. 30. With the changes in the budget cycle, planning for Fiscal Year 2019 has already begun. To ensure transparency throughout this new budget process and to educate citizens, staff has prepared a few frequently asked questions. Read FAQs.

For more information about Missouri City, please watch the City website: www.missouricitytx.gov, like us on Facebook—fb/MissouriCityTX, follow us on Twitter, Instagram and Snapchat—@MissouriCityTX and watch Missouri City Television (Ch. 16 on Comcast and Ch. 99 on AT&T U-verse).